Colgin Offering - Funny!

Good call! I wonder how many other Cali Cults will follow suit. As an aside, it was nice to receive a holiday card from Levy&M. Generic yes, but good in my book.

I agree that many cult producers will be tempted to ride out the economic times until they can once again command astronomical prices.

i dont see how 3 months, 6 months or even a year would make a difference in this market.

I agree with g-man. I think they will hold whatever they dont sell and sell it in a few years as a library vintage at double the release price.

I bailed on Colgin 3 years ago. The current offering wont sell at $290! Bryant and Levy & McClellan are in big trouble too. It couldn't happen to nicer bunch of folks either, all of them!

quote:

Originally posted by g-man:
i dont see how 3 months, 6 months or even a year would make a difference in this market.

Agreed. I wonder how long they can afford to sit on them?

weird, i'm considering buying...

You have think that some of these over priced wineries won't be around in three years.

Beachrooster, I don't think any of us knows what that means. In one of JL's blogs last summer he talked about the average price per ton of CA cab fruit being about $7K. Some record fruit sold at $40K+. On the winery side, would a vast majority of the wineries go out of business if prices dropped drop 25% and the upper end collapsed? I don't believe so. If they did the vineyard would be sold at a market price that could flourish/survive at that price level. The fruit (supply) side will probably not go away.

Next is ego. Will some hot shot cultist refuse to sell wine at < $100 or $200 per bottle for pure ego purposes, maybe. But there is always someone waiting in the wings to use that fruit to make new wines. New exciting winemakers are always coming along. I was enjoying great wine long before most all of the current "stars" of winemaking came along, and will hopefully still be doing so when they have faded from the scene and next group arises.

So the same fruit will be there, the wine will be there. So maybe the only thing that "won't be around" is the name on the bottle, but the wine will hopefully be at friendlier price.